Tuesday, September 9, 2008

Gbp vs Jpy 1H


At this moment market in progress to perform major wave 5 either referring to the alt counts in white (truncated), magenta (truncated) or yellow (impulsive). Please study all possibe alt counts and determine what is your next trading strategy. Advisable to look for a good bullish reversal entry signal to perform major corrective a,b and c from BSTS later once major wave 5 (white or magenta or yellow) is completed. Please be extra careful, since got a good possibility also market to perform a bullish retracement to perform subwave ii in yellow before another bearish continuation to complete subwave iii in 5 (yellow). Good luck.

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